U.S. equity futures are starting the quarter as they ended the last one, with declines.

Traders are concerned about the economic fallout from the coronavirus, plus the White House projects 100,000 to 240,000 deaths.

The major futures indexes are indicating a decline of 3.4 percent.

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New York City Mayor Bill de Blasio holds a news conference on the coronavirus outbreak. The number of cases continues to climb across the state, rising by more than 10% overnight to 83,712. New York City accounts for more than half of the coronavirus infections across the state at 47,439, according to data Gov. Andrew Cuomo released at a press conference on Wednesday.

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